Zalando (ZAL) PT Set at €35.00 by Royal Bank of Canada

Zalando (FRA:ZAL) received a €35.00 ($41.67) price target from stock analysts at Royal Bank of Canada in a report released on Thursday. The brokerage currently has a “sell” rating on the stock. Royal Bank of Canada’s target price would suggest a potential downside of 26.90% from the company’s current price.

ZAL has been the topic of several other reports. Barclays set a €48.60 ($57.86) price objective on shares of Zalando and gave the company a “buy” rating in a report on Wednesday, October 18th. Baader Bank set a €48.00 ($57.14) price objective on shares of Zalando and gave the company a “buy” rating in a report on Tuesday, November 7th. Hauck & Aufhaeuser set a €48.00 ($57.14) price objective on shares of Zalando and gave the company a “buy” rating in a report on Wednesday, October 18th. Commerzbank set a €48.00 ($57.14) price objective on shares of Zalando and gave the company a “buy” rating in a report on Wednesday, October 18th. Finally, Credit Suisse Group set a €45.00 ($53.57) price objective on shares of Zalando and gave the company a “buy” rating in a report on Monday, November 13th. Five research analysts have rated the stock with a sell rating, four have given a hold rating and twelve have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of €44.36 ($52.81).

Shares of Zalando (ZAL) traded up €1.08 ($1.29) during midday trading on Thursday, reaching €47.88 ($57.00). 3,396 shares of the company traded hands. Zalando has a fifty-two week low of €34.94 ($41.60) and a fifty-two week high of €48.22 ($57.40). The firm has a market capitalization of $11,980.00 and a price-to-earnings ratio of 119.70.

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Zalando Company Profile

Zalando SE operates as an online fashion retailer in Europe. The company offers a range of products, including clothes, shoes, and accessories for women, men, and children. Zalando SE also sells its products through its Zalando Lounge; and brick-and-mortar stores in Berlin, Frankfurt am main, and Cologne.

Analyst Recommendations for Zalando (FRA:ZAL)

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